JAKARTA – The ratio of loan instalment of Indonesians reportedly increased in July 2024, as seen on Consumer Survey of Bank Indonesia (BI) published today (8/8). In the meantime, saving-to-income ratio slipped to 15.5% from 16.5%.

For respondents under expenditure category of over IDR 5 million per month, the loan-instalment-to-income ratio increased 17.8% in July 2024, up 14.7% seen in June 2024. This uptrend of loan instalment rate has been detected since May 2024.

The same situation could be seen in expenditure category of over IDR 4.1 to IDR 5 million, in which the loan instalment rate increased to 14.4% in July 2024, up from 10.1% in June 2024.

Furthermore, expenditure category of IDR 3.1 to 4 million also saw increase in loan instalment rate to 11.7% in July 2024 from 10.7% in June 2024.

In contrast with this trend of increase in loan instalment rate, consumption-to-income ratio went down, as seen in expenditure category of over IDR 5 million to 65.9% in July 2024 from 67.5% in June 2024.

This trend could also be observed in expenditure category of IDR 4.1 to 5 million that reported consumption rate down to 69.5% in July 2024 from 72.6% in June 2024.

In the lower class, expenditure category of IDR 3.1 to 4 million also saw a decrease of consumption rate to 72.9% in July 2024 from 73% in June 2024. (LK/ZH)